Boeing’s Max cancellations worsen on shrinking Air Canada deal

Boeing’s beleaguered 737 Max absorbed another blow as Air Canada chopped an order for the grounded aircraft by 11 jets, or 18% of the original deal. The Canadian carrier still has 26 of the planes on order, according to data released Wednesday on Boeing’s website for the month of February. That’s in addition to the 24 Max that Air Canada received before regulators banned the jetliner from commercial flight after two fatal accidents. Air Canada’s shrinking appetite underscores the rising risk of cancellations for the Max, which could worsen as the coronavirus outbreak upends global traval and saps demand for new jets. Aircraft contracts typically allow buyers to scrap an order when delivery has been delayed by a year or more. That gives airlines leverage to renegotiate deals and seek concessions as the worldwide grounding of the Max reaches its first anniversary Friday.<br/>